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Oct 2, 2014

DealBook P.M. Edition - October 2, 2014: Top Story: JPMorgan Discovers Further Cyber Security Issues.

For the latest updates, go to dealbook.nytimes.com »
THURSDAY, OCTOBER 2, 2014

TOP STORY
The headquarters of JPMorgan Chase in New York.
JPMorgan Discovers Further Cyber Security IssuesThe nation's largest bank recently found that hackers, with links to southern Europe, had gained entry to some of its servers, say several people with knowledge of the investigation.
For the latest updates, go to dealbook.nytimes.com »
DEALBOOK HIGHLIGHTS
Fannie-Freddie Case Shows Messy Nature of Deal-Making in a Panic David Zaring and Steven Davidoff Solomon contend that the investors of Fannie Mae and Freddie Mac may have a case on appeal.
High-Frequency Trader Charged With Manipulating Commodity Prices The government said the criminal charges against Michael J. Coscia, founder of Panther Energy Trading, were the first to be brought under new rules that bar a type of abusive trading called spoofing.
Brian Moynihan is the chief executive of Bank of America.
Reuters Breakingviews: Bank of America's Latest Move Defies Good Governance The move to add the chairman title to Brian Moynihan's duties not only puts too much power in one person's hands, it also reduces the position to little more than a perk, Antony Currie writes in Reuters Breakingviews.
Bill Gross had managed the Pimco Total Return Fund since its inception in 1987.
Pimco Says Rush of Money Out of Its Funds May Be Slowing It's not all bad news at Pimco as the firm said one of its funds was taking in some new money in the wake of the surprise resignation of Bill Gross.
Legendary Entertainment is known for its involvement with the
SoftBank to Invest $250 Million in Legendary Entertainment SoftBank will take a stake in Legendary Entertainment, and the companies will form a joint venture to work with Legendary properties, particularly in markets in China and India.
Dow Says It Will Sell More Businesses The company said it was actively marketing three businesses valued at a total of about $2 billion as part of a plan to divest nonessential assets.
Warren Buffett disclosed his deal for the Van Tuyl Group on CNBC.
Buffett to Buy the Van Tuyl Group, a Car DealershipBerkshire Hathaway is buying the Van Tuyl Group, the country's fifth-biggest auto dealership by sales and the biggest that is privately held.
Michael Diekmann, right, will be succeeded as chief executive of the German insurance giant Allianz by Oliver Bäte.
Allianz Chief to Step Down in May The German insurer Allianz, which owns the bond fund giant Pimco, requires its top executives to step down at 60, and Michael Diekmann turns 60 next year.
A Sears store in Schaumburg, Ill. The retailer has been hemorrhaging money.
Sears Seeks to Raise Funds Through Rights Offering in Sears Canada Unit Sears expects to raise up to $380 million by early November from the rights sale, giving it a much-needed cash infusion ahead of the critical holiday shopping season.
Oliver Samwer, chief executive of Rocket Internet, says he is positive on the long-term prospects for the company's shares after they fell sharply on market debut.
Rocket Internet Shares Fall in Frankfurt Trading Debut The German technology company's initial public offering, one of the largest in the country in more than a decade, has tested European investor appetite for Internet companies.
A Virgin Money branch in London.
Virgin Money Planning London I.P.O. in October The British financial services company is the latest challenger to larger, more traditional banks in Britain to plan to list its shares. It expects to raise about $242 million.
LOOKING AHEAD
September Employment Figures On Friday, the Labor Department will report the latest figures on unemployment and job creation in September. According to estimates from economists, employers added around 213,000 jobs in September, up from 142,000 in August. The unemployment rate is expected to hold steady at 6.1 percent. The consensus also calls for a rise of average hourly earnings in August of 0.2 percent, another important indicator of economic health.
For the latest updates, go to dealbook.nytimes.com »

WSJ | Biggest Gainers Closing - October 2, 2014.

Biggest Gainers Closing
Biggest Gainers
4:31 pm ET 10/02/2014
NYSE
ISSUEVOLUMEPRICECHG% CHG
Wayfair Cl A (W)15,903,922$37.728.7230.07
RealD (RLD)3,067,93811.782.5127.08
AAC Holdings (AAC)2,797,14418.503.5023.33
Walter Energy (WLT)16,884,7982.350.2712.98
Vectrus (VEC)1,150,49421.712.2711.68
Lithia Motors Cl A (LAD)878,95980.797.3610.02
Platform Specialty Products (PAH)973,01925.592.309.88
Noah Holdings ADS (NOAH)737,99314.201.259.65
Adeptus Health (ADPT)128,66327.402.399.56
Kemet (KEM)98,7104.300.348.59
Martha Stewart Living Omnimedia (MSO)177,7723.730.298.43
Roundys (RNDY)595,5193.040.238.19
Daqo New Energy ADS (DQ)166,70943.273.007.45
Cyan (CYNI)150,4393.340.237.40
Ameresco (AMRC)101,6567.350.507.30
Imprivata (IMPR)43,42814.761.007.27
Aspen Aerogels (ASPN)33,78510.190.697.26
Vonage Holdings (VG)1,328,2893.410.237.23
Gigamon (GIMO)431,68810.970.727.02
ReneSola ADS (SOL)1,725,0622.970.186.45
Maui Land&Pineapple (MLP)7,6505.970.366.42
New York Times Cl A (NYT)3,311,11213.080.786.34
PowerSecure International (POWR)399,0119.730.586.34
Valero Energy Partners (VLP)235,82948.502.886.31
Catalent (CTLT)945,17825.351.506.29
 
Nasdaq
ISSUEVOLUMEPRICECHG% CHG
Kite Pharma (KITE)3,065,131$34.686.3722.50
Kandi Technologies Group (KNDI)6,005,02714.242.2118.37
Digimarc (DMRC)95,34523.823.4316.82
Alcobra (ADHD)1,105,65015.231.9814.94
Retrophin (RTRX)902,9009.891.2714.73
Energy Recovery (ERII)459,9973.730.4212.69
Bassett Furniture Industries (BSET)84,15014.821.6112.19
BioCryst Pharmaceuticals (BCRX)2,636,88711.381.2412.17
Sphere 3D (ANY)194,6497.160.7511.70
Amicus Therapeutics (FOLD)2,154,0616.560.6511.00
Foundation Medicine (FMI)335,08620.722.0510.98
Ariad Pharmaceuticals (ARIA)19,845,6975.850.5710.80
Esperion Therapeutics (ESPR)1,802,30327.002.5810.57
Senomyx (SNMX)619,3268.490.8010.40
Volcano (VOLC)1,864,15611.321.0310.01
Ocera Therapeutics (OCRX)164,1946.050.5510.00
Dicerna Pharmaceuticals (DRNA)129,15913.721.239.85
Verastem (VSTM)224,0449.630.859.68
Staar Surgical (STAA)343,94010.990.969.57
Synergy Pharmaceuticals (SGYP)767,9482.910.259.40
Xencor (XNCR)36,1559.840.849.33
Conatus Pharmaceuticals (CNAT)289,4246.470.559.29
TrueCar (TRUE)1,575,18820.071.648.90
Endologix (ELGX)2,000,16911.600.948.82
Hutchinson Technology (HTCH)194,9713.680.298.71
 
NYSE Arca
ISSUEVOLUMEPRICECHG% CHG
iPath Bloomberg Coffee Subindex Total Return ETN (JO)306,951$39.371.604.24
VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (DGAZ)21,413,4084.030.164.13
Direxion Daily Developed Markets Bear 3x Shares (DPK)7,91735.251.233.61
ProShares UltraShort MSCI Japan (EWV)58,54566.822.243.47
iPath Dow Jones -UBS Coffee Subindex Total return Coll ETN (CAFE)20,00425.740.863.46
ProShares UltraPro Russell2000 (URTY)444,71971.722.002.87
Direxion Daily Gold Miners Bull 3x Shares (NUGT)5,896,67223.760.662.86
Direxion Daily Small Cap Bull 3x Shares (TNA)14,145,53062.491.732.85
ProShares UltraShort Semiconductors (SSG)42,33812.610.342.77
ProShares UltraShort Bloomberg Natural Gas (KOLD)84,04249.791.332.74
ProShares Ultra MSCI Brazil (UBR)7,53939.831.022.63
Direxion Daily 20+ Year Treasury Bear 3X Shares (TMV)699,52441.351.002.48
ProShares UltraShort FTSE Europe (EPV)49,34062.481.452.38
E-TRACS UBS Bloomberg CMCI Gold ETN (UBG)10,34232.400.752.37
ProShares UltraPro Short 20+ Year Treasury (TTT)41,37154.481.262.37
ProShares UltraShort MSCI EAFE (EFU)8,23243.761.002.34
VelocityShares 3x Long Crude ETN (UWTI)71,46826.880.572.17
Direxion Daily Brazil Bull 3X Shares (BRZU)418,54215.430.322.10
iPath US Treasury Long Bond Bear ETN (DLBS)11,05626.320.522.02
Direxion Daily India Bull 2X Shares (INDL)32,56288.961.731.98
PowerShares DB 3x Short 25+ Year Treasury Bond Exchange Traded Note (SBND)93,9466.340.121.93
Direxion Daily Small Cap Bull 2X Shares (SMLL)8,40037.010.691.90
ProShares Ultra Russell2000 (UWM)624,53875.131.401.90
Direxion Daily Semiconductor Bear 3X Shares (SOXS)430,84420.440.351.74
Market Vectors Vietnam ETF (VNM)386,32622.420.381.72
 
Composite
ISSUEVOLUMEPRICECHG% CHG
GlobeImmune (GBIM)73,837$10.732.8435.99
Female Health (FHCO)2,224,2084.411.0932.83
Wayfair Cl A (W)15,903,92237.728.7230.07
RealD (RLD)3,067,93811.782.5127.08
AAC Holdings (AAC)2,797,14418.503.5023.33
Kite Pharma (KITE)3,065,13134.686.3722.50
Accelerate Diagnostics (AXDX)459,17325.944.1819.21
Kandi Technologies Group (KNDI)6,005,02714.242.2118.37
One Horizon Group (OHGI)7,0552.830.4217.42
Digimarc (DMRC)95,34523.823.4316.82
Alcobra (ADHD)1,105,65015.231.9814.94
Retrophin (RTRX)902,9009.891.2714.73
Walter Energy (WLT)16,884,7982.350.2712.98
Energy Recovery (ERII)459,9973.730.4212.69
Bassett Furniture Industries (BSET)84,15014.821.6112.19
BioCryst Pharmaceuticals (BCRX)2,636,88711.381.2412.17
Nxt-ID (NXTD)717,2742.870.3112.11
Sphere 3D (ANY)194,6497.160.7511.70
Vectrus (VEC)1,150,49421.712.2711.68
Amicus Therapeutics (FOLD)2,154,0616.560.6511.00
Foundation Medicine (FMI)335,08620.722.0510.98
Ariad Pharmaceuticals (ARIA)19,845,6975.850.5710.80
Ampio Pharmaceuticals (AMPE)859,1093.940.3810.67
CymaBay Therapeutics (CBAY)552,9457.950.7610.57
Esperion Therapeutics (ESPR)1,802,30327.002.5810.57
 
See All Gainers
 
Footnotes
Includes common, closed end funds, ETFs, ETNs and REITS with prior day close of $2 a share or higher, with volume of at least 2,000.
x - stock is trading ex-dividend
Source: WSJ Market Data Group